Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-07-04-Speech-3-149-000"

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"Mr President, we need to take advantage of the single market in order to attract more investment in the EU. All too often the only kind of investment which the EU wants is to promote public investment. EU funds do not necessarily increase our global competitiveness. The EU already has a high-quality human capital and a predictable business environment. As a former businesswoman I know that is not enough to attract new ventures. We need to give businesses what they want, namely less red tape and lower taxes. This report recognises that high taxation is damaging the EU’s competitiveness but, if we are serious about attracting foreign direct investment, then what we must really do is liberate the economy from excessive bureaucracy."@en1
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